Great Ajax Corp. (NYSE:AJX) Short Interest Update

Great Ajax Corp. (NYSE:AJX – Get Rating) saw a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 58,300 shares, a decline of 6.0% from the December 15th total of 62,000 shares. Based on an average daily trading volume, of 67,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are sold short.

Great Ajax Stock Down 1.0 %

Shares of NYSE:AJX opened at $8.71 on Wednesday. The company has a market capitalization of $199.40 million, a PE ratio of -13.61 and a beta of 1.72. Great Ajax has a 52 week low of $7.02 and a 52 week high of $13.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.89 and a current ratio of 1.89. The company’s fifty day moving average is $7.77 and its 200-day moving average is $8.59.

Great Ajax Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Tuesday, November 15th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 12.40%. The ex-dividend date of this dividend was Monday, November 14th. Great Ajax’s payout ratio is currently -168.75%.

Analyst Ratings Changes

AJX has been the subject of several recent research reports. Raymond James cut their price target on Great Ajax from $14.50 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, October 18th. B. Riley decreased their price target on shares of Great Ajax from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. TheStreet lowered shares of Great Ajax from a “c-” rating to a “d” rating in a report on Friday, November 25th. Finally, StockNews.com assumed coverage on shares of Great Ajax in a report on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Insider Transactions at Great Ajax

In related news, CFO Mary B. Doyle sold 3,612 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $7.56, for a total transaction of $27,306.72. Following the transaction, the chief financial officer now owns 95,759 shares of the company’s stock, valued at $723,938.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Great Ajax

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Claybrook Capital LLC grew its holdings in shares of Great Ajax by 72.7% during the fourth quarter. Claybrook Capital LLC now owns 58,552 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 24,650 shares during the last quarter. KG&L Capital Management LLC bought a new position in shares of Great Ajax in the fourth quarter worth about $933,000. Vanguard Group Inc. lifted its position in shares of Great Ajax by 7.4% during the third quarter. Vanguard Group Inc. now owns 977,413 shares of the real estate investment trust’s stock worth $7,340,000 after purchasing an additional 67,179 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Great Ajax during the third quarter valued at approximately $449,000. Finally, Family Management Corp increased its holdings in shares of Great Ajax by 9.1% in the third quarter. Family Management Corp now owns 323,770 shares of the real estate investment trust’s stock valued at $2,432,000 after purchasing an additional 27,055 shares in the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.

About Great Ajax

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Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.